Contract Due Diligence Underwriter

About the Position

Contract Due Diligence Underwriter

Remote

At Maxwell, we're on a mission to democratize mortgages by making the process more efficient and accessible. Founded in 2015, we've built a platform that closes loans 45% faster and reduces stress for borrowers. This is YOUR CHANCE to bring rigor and precision to a mission that's reshaping how mortgages get made. As our Contract Due Diligence Underwriter, you'll ensure the accuracy and compliance of loan files across various loan types.

Responsibilities

• Review mortgage loan files to ensure accuracy and verify required documents.
• Perform due diligence on loan applications to meet investor/product guidelines.
• Analyze borrower's credit profile, collateral, and repayment capacity.
• Calculate and analyze loan-to-value ratios and debt.
• Review purchase contracts, title commitments, and other pertinent documentation.
• Enter review results into the company's proprietary software.
• Execute risk analysis and recommend resolutions for deficiencies.
• Stay updated on agency, state, and investor guidelines.
• Participate in ongoing industry training.
• Manage time efficiently to meet daily production goals.
• Adhere to company Core Values and clear QA feedback.

Requirements

• Strong working knowledge and experience in the LauraMac Due Diligence software system
• 5+ years of current experience in underwriting, preferably with prior experience in Quality Control
• Minimum 1-year Due Diligence experience at a mortgage lending institution
• Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages
• Strong knowledge of Fannie Mae/Freddie Mac guidelines, QM/ATR
• Proficiency in Non-QM loan processes and requirements
• A deep understanding of DSCR/business purpose loans
• The ability to work with multiple investor guidelines and overlays
• Strong ability to properly calculate income across various earning types
• Strong appraisal review skills
• Excellent analytical and communication skills
• Proficiency in pipeline management with the ability to multitask in a high-volume environment
• The ability to work independently as well as contribute in a team environment

We Offer

• Opportunity to work in a supportive, diverse, and inclusive culture.
• Be part of a company focused on financial empowerment and efficiency.
• Competitive contract payment per file, depending on the type of loan reviewed.

About the Company

We are a company focused on a supportive, diverse, and inclusive culture - lived through our values of Rigor, Ownership, Curiosity, Kindness, and "Straight Up" - to bring equality to the mortgage process and spread financial empowerment. We believe people do their best work when they're trusted, supported, and given the tools to solve real problems. Join us in helping lenders work more efficiently while making the path to homeownership less stressful for everyone involved.